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Hershey's Q3 revenue rose 6.5% YoY to $3.18 bln, beating estimates, and non-GAAP profit increased 22.2% YoY to $1.30 per share, exceeding expectations. However, operating margin declined to 13.7%, and the company faces margin pressure due to higher cocoa prices and increased brand investments. Management plans to invest in core and innovative products while monitoring elasticity and expects gradual margin recovery.

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